Replies to post #374056 on Fannie Mae-No Politics (FNMA)

[big-yank]

Where did I ever say the government would take down the common shares?

The last thing the government wants is a liquidation because the corpus delicti becomes the GSEs that cease to function... and with them, so does the U.S. housing economy and 25% of its GDP.

What the government wants is to get off the hook for a $400 B backstop in case of another crisis.